Reply
Frequent Contributor
Posts: 336
Registered: ‎04-14-2008
0

when does BofA report?

I know I've seen this before, but my search-fu is failing me.
 
(hey mods--would there be any point to having a sticky with faqs about the most popular cards/banks?)
 
So, I had a 700 dollar charge that was pending FOREVER on my bofa card. Of course it finally hit my statement on the day the statement cut. So instead of the nice little <10 % balance I wanted to report, I'm reporting like 40% util, annoying, but not the end of the world.
 
My question is, do they report to the bureaus on the statement day, or at the end of the month? I know I read someone was an exception, I just can't remember who.
 
thanks!
FAKO TU: 730 (Too poor to check the real scores these days!)
Moderator Emeritus
Posts: 3,417
Registered: ‎12-27-2007
0

Re: when does BofA report?

HSBC is the exception.  They report the balance on the last day of the month, not the statement balance.
 
BofA has had reporting issues lately.  Generally, they will report the statement date a few days after it posts.  The exception to BofA is the fact that they will also update if something changes on your account - like a CLI.
 
I believe most people have who have seen an update in June noticed this about a week after their normal update date.
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Frequent Contributor
Posts: 336
Registered: ‎04-14-2008
0

Re: when does BofA report?

Thanks whirled. Do you think it would make a difference if I go ahead and pay today, then? (statement dropped yesterday)
FAKO TU: 730 (Too poor to check the real scores these days!)
Moderator Emeritus
Posts: 3,417
Registered: ‎12-27-2007
0

Re: when does BofA report?

Nope, unless you're planning on asking for a CLI before the next statement drops.
 
Sorry!
 
:smileywink:
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Valued Member
Posts: 37
Registered: ‎02-18-2008
0

Re: when does BofA report?

[ Edited ]
I know on my online account on the left for payment summary it will say closing date. I know they report that on that date of the month to the CRA according to TC.

Message Edited by JDeans on 06-17-2008 08:04 PM
Almost in the 700 Club!!!
Started 4/05/08 TU 648 EQ 655 EX 653
As of 7/27/08 TU 655 stupid collection EQ 691 EX 689
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.